G4S plc (GFS) Receives Consensus Rating of “Hold” from Brokerages
Shares of G4S plc (LON:GFS) have received a consensus rating of “Hold” from the eleven research firms that are covering the company. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 290.50 ($3.78).
GFS has been the topic of several research reports. BNP Paribas reiterated an “underperform” rating and set a GBX 195 ($2.54) price objective on shares of G4S plc in a report on Monday, February 27th. Royal Bank of Canada upped their price objective on shares of G4S plc from GBX 280 ($3.64) to GBX 310 ($4.03) and gave the company an “outperform” rating in a report on Tuesday, January 31st. Deutsche Bank AG upped their price objective on shares of G4S plc from GBX 230 ($2.99) to GBX 325 ($4.23) and gave the company a “hold” rating in a report on Friday, April 7th. Barclays PLC upped their price objective on shares of G4S plc from GBX 260 ($3.38) to GBX 280 ($3.64) and gave the company an “equal weight” rating in a report on Thursday, March 9th. Finally, HSBC Holdings plc reissued a “reduce” rating and set a GBX 259 ($3.37) target price on shares of G4S plc in a research report on Monday, April 10th.
G4S plc (LON:GFS) traded up 0.34% during trading on Tuesday, reaching GBX 324.00. The company’s stock had a trading volume of 2,804,756 shares. G4S plc has a 12 month low of GBX 145.00 and a 12 month high of GBX 328.90. The stock’s 50-day moving average is GBX 311.98 and its 200 day moving average is GBX 268.68. The company’s market cap is GBX 5.01 billion.
The company also recently disclosed a dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, April 27th will be given a GBX 5.82 ($0.08) dividend. This represents a yield of 2.02%. This is an increase from G4S plc’s previous dividend of $3.59. The ex-dividend date is Thursday, April 27th.
In other news, insider Winnie Kin Wah Fok acquired 10,000 shares of G4S plc stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of GBX 318 ($4.14) per share, with a total value of £31,800 ($41,368.54). Also, insider John Connolly acquired 14,850 shares of G4S plc stock in a transaction on Friday, May 5th. The stock was purchased at an average cost of GBX 323 ($4.20) per share, with a total value of £47,965.50 ($62,398.20).
About G4S plc
G4S Plc is a security company specializing in the provision of security and related services to customers. The Company’s segments include Africa, Asia Middle East, Latin America, Europe, North America, and UK & Ireland. It offers Secure solutions products, including manned security and facilities management services, and Cash solutions, mainly the provision of physical cash management services.
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